Getting your player ready...
Leaders of Australia’s two major political parties lobbied for support Sunday from independent lawmakers to stitch together the nation’s first minority government since World War II after the closest elections in almost 50 years.
Australia’s dollar was trading lower as uncertainty remained over the result of weekend federal elections, with the ruling Labor Party losing seats to the environment-focused Greens party in a backlash over the government’s shelving of plans to charge major polluters for the carbon gas they emit.
The final results of Saturday’s vote may not be known for a week or more, but Labor and the Liberal Party-led opposition conceded neither would achieve the 76 seats needed to form a government.
